Kalpataru Projects International Limited faces tax assessment in Eswatini over alleged VAT double claim
Kalpataru Projects International Limited, operating through its branch office in the Kingdom of Eswatini, has received a notice of assessment from the local revenue service concerning tax and penalty demands. The action relates to a period spanning November 2024 to January 2026.The Company received intimation regarding the matter on August 13, 2026. The assessment was issued by the Eswatini Revenue Service.
The notice details a demand for tax and penalty resulting from an alleged double claim of input VAT related to construction material expenses. Under the assessment notice, the authority demanded payment of SZL 643,353.62, which is approximately INR 38.02 lakhs.
This financial exposure covers the period from November 2024 to January 2026. The branch office intends to exercise its right to file objections against the notice within the prescribed timelines.
Regarding the impact on operations and finances, the Company stated that the penalty levied under this assessment does not have any significant effect on Kalpataru Projects International Limited's activities.
KPIL Stock Price Movement
Shares of Kalpataru Projects International Limited today slipped by 1.11% to settle at ₹1352.2, shedding ₹15.10 from the previous close. The stock saw a traded volume of 319,973 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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